Up 44% Since IPO: Why a Major Fund Just Made a $45 Million Bet on This Digital Health Stock

Connecticut-based fund Braidwell initiated a new stake in Hinge Health (NYSE:HNGE), adding 910,476 shares during the third quarter, an estimated $44.7 million position, according to a November 14 SEC filing.According to a Securities and Exchange Commission (SEC) filing published November 14, Braidwell established a new position in Hinge Health (NYSE:HNGE), acquiring 910,476 shares during the third quarter. The estimated value of the stake is $44.7 million based on the quarter-end price. Hinge Health did not appear in the fund’s previous quarterly disclosure.The new position in Hinge Health accounts for 1.8% of Braidwell's $2.5 billion in reportable U.S. equity assets under management as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool